In 2008, Tullow had a strong production performance from its African portfolio and outstanding exploration and appraisal results from both Ghana and Uganda. Both regions have contributed to substantial reserves and resources growth and are now being commercialised on a fast-track basis.
In Africa, Tullow has 47 licences in 14 countries, 17 producing fields, approximately 745 mmboe booked reserves and resources and majority interests in two world-class basins in Ghana and Uganda.
2008 highlights
41,150 boepd
Average working interest production
100% success
Achieved from 15 exploration and appraisal wells in Ghana and Uganda
296 mmboe
Reserves and resources added to the African portfolio
1.8 billion barrels
Significant upside potential identified through exploratory appraisal drilling in 2008
37,000 boepd
Forecast 2009 average working interest production from the Group’s African assets.
Capital investment (£ million)
Capital investment
Increase on prior year
Sales revenue (£ million)
Sales revenue
Increase on prior year
